Boston Medical Library

Analysis

Boston Medical Library is a registered charity in United States, based in Marshfield, MA. It received its IRS tax-exemption ruling in July 1935, 91 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Boston Medical Library reported income of $642k and spending of $1.1m, spending 165% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $830k to $642k (-23%), an average of -6.2% a year. The sharpest change came in the year to June 2022, when income rose by 123%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boston Medical Library sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Create Conservatory ($642k), The School of Architecture ($642k) and Education Francaise a New York - French Education in New York Inc ($642k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.1% and program service revenue 0.6% of the total. Other salaries and wages came to $30k. At year end it held assets of $22.3m against liabilities of $200k, net assets of $22.1m. It reported 2 employees.